Need for Funding

Spending Breakdown

Cents to the Cause

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #12

Avg. Compensation $118,618

Top 10 Staff Salary Range

$350k +

0

$300k - $350k

1

$250k - $300k

0

$200k - $250k

0

$160k - $200k

1

$120k - $160k

3

$80k - $120k

2

$40k - $80k

3

< $40k

0

Information from most recent CRA Charities Directorate filings for F2016

About West Park Foundation:

Established in 1977, West Park Healthcare Centre Foundation is the fundraising arm for West Park Healthcare Centre in Toronto. The healthcare centre helps patients with life-changing health challenges reclaim their lives and realize their potential. West Park is a rehabilitation, complex and long-term care centre in a 27-acre campus helping people with lung disease, diabetes, stroke, amputation and musculoskeletal issues.

West Park Foundation raises funds for equipment, research, education, and program expansion for the healthcare centre. In F2016, the foundation funded 20 pieces of equipment, including 5 for the rehabilitation gym. This equipment helped 6,000 patients regain mobility and independence. West Park Foundation also funded 1 new researcher and as a result 11 projects are currently underway studying spasticity. Training programs report advancing the expertise of 5 nurses in wound care and training an additional 78 nurses which resulted in a 10% increase in patient satisfaction. Program expansion included 14 recreation therapy initiatives in F2016. As part of one of the programs, clowns visited 40 patients every 2 weeks for 6 months.

West Park Healthcare Centre Foundation is in a capital campaign to raise $50m by 2021 for a campus development project. The development project includes building a new hospital and the creation of a new campus entrance. The new buildings plan to increase hospital beds by 20%. The project also aims to expand green space across the campus from 57% to 61% as part of the project.

Financial Review:

West Park Foundation is a medium-sized charity with $2.9m in donations and special events fundraising in F2017. Administrative costs were 24% of revenues and fundraising costs were 51% of donations. As such, for every $1 donated, 25 cents went to the cause. This falls outside of Charity Intelligence’s reasonable range for overhead spending.

West Park Foundation’s donations have been irregular over the past couple of years. Donations spiked from $400k in F2014 to $6.7m in F2015, significantly increasing revenues and funding reserves. West Park Foundation appears to have held the donations from F2015 to F2016 as reflected in its funding reserves. The Foundation notes that this fluctuation can be attributed to the nature of its capital campaign.

The Foundation has $13.5m in funding reserves, of which $5.0m are donor-endowed. Funding reserves also include $6.3m in restricted funds for the redevelopment of the hospital's campus. Excluding donor-endowed funds and the restricted fund, West Park Foundation can cover annual grants to the healthcare centre for 13.7 years.

This report is an update that is currently being reviewed by West Park Foundation. Changes and edits may be forthcoming.

Updated on August 16, 2017 by Juliana Badovinac.

Financial Ratios

Fiscal year ending March

2017

2016

2015

Administrative costs as % of revenues

23.7%

35.1%

14.2%

Fundraising costs as % of donations

51.4%

51.4%

14.9%

Program cost coverage (%)

1,858.9%

2,272.3%

2,308.2%

Summary Financial Statements

All figures in $s

2017

2016

2015

Donations

2,437,477

1,628,313

6,747,733

Business activities (net)

209,932

180,985

127,125

Special events

505,834

740,624

867,123

Investment income

1,192,468

(31,749)

1,086,542

Total revenues

4,345,711

2,518,173

8,828,523

Grants

726,285

576,841

546,275

Administrative costs

746,446

895,294

1,100,964

Fundraising costs

1,511,793

1,218,244

1,133,842

Other costs

49,175

46,483

36,622

Cash flow from operations

1,312,012

(218,689)

6,010,820

Funding reserves

13,500,618

13,107,524

12,609,246

Note: Business activities were reported net, affecting revenues and expenses by ($525k) in F2017, ($524k) in F2016, and ($517k) in F2015. Investment fees were reallocated into expenses (originally reported net of investments by the foundation) affecting revenues and expenses by $49k in F2017, $46k in F2016, and $37k in F2015.

Comments added by the Charity:

The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.